Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)
Weak Downtrend (-65) - SARJPY is showing signs of a strengthening downtrend. Monitor SARJPY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SARJPY
The long-term trend has been UP since Mar 8th, 2023 at 36.700752
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 39.671865
The short-term trend has been DOWN since Nov 14th, 2023 at 40.344434
Smart Scan Analysis for SARJPY
Based on our trend formula, SARJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).